Advantage Solutions (NASDAQ:ADV) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of Advantage Solutions Inc. (NASDAQ:ADV) saw strong trading volume on Tuesday . 79,673 shares were traded during mid-day trading, an increase of 23% from the previous session’s volume of 64,562 shares.The stock last traded at $38.8310 and had previously closed at $38.90.

Analyst Ratings Changes

Several analysts have weighed in on ADV shares. Weiss Ratings raised Advantage Solutions from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, May 6th. Wall Street Zen lowered shares of Advantage Solutions from a “strong-buy” rating to a “hold” rating in a research report on Saturday, March 7th. Zacks Research upgraded shares of Advantage Solutions from a “strong sell” rating to a “hold” rating in a research note on Monday, May 4th. Canaccord Genuity Group increased their target price on shares of Advantage Solutions from $37.50 to $50.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Finally, Morgan Stanley set a $18.75 price target on shares of Advantage Solutions in a report on Tuesday, March 3rd. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $34.38.

Advantage Solutions Stock Performance

The firm has a market cap of $521.16 million, a PE ratio of -2.09 and a beta of 2.21. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 3.18. The firm’s 50 day simple moving average is $34.76 and its 200 day simple moving average is $25.31.

Insider Buying and Selling at Advantage Solutions

In other Advantage Solutions news, CEO David A. Peacock bought 800 shares of Advantage Solutions stock in a transaction dated Monday, May 18th. The shares were purchased at an average cost of $34.60 per share, for a total transaction of $27,680.00. Following the acquisition, the chief executive officer directly owned 216,364 shares in the company, valued at approximately $7,486,194.40. This represents a 0.37% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 9.40% of the stock is currently owned by company insiders.

Institutional Trading of Advantage Solutions

Large investors have recently made changes to their positions in the business. Creative Planning bought a new stake in shares of Advantage Solutions in the 2nd quarter worth about $26,000. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Advantage Solutions in the 2nd quarter worth about $31,000. Two Sigma Investments LP bought a new stake in shares of Advantage Solutions in the 3rd quarter worth about $35,000. Virtu Financial LLC bought a new stake in shares of Advantage Solutions in the 3rd quarter worth about $36,000. Finally, Voleon Capital Management LP bought a new stake in shares of Advantage Solutions in the 3rd quarter worth about $36,000. 49.82% of the stock is currently owned by institutional investors.

About Advantage Solutions

Advantage Solutions is a leading sales and marketing agency that provides outsourced solutions to consumer packaged goods companies. The firm’s offerings include field sales execution, retail merchandising, in-store and shopper marketing, e-commerce activation and data-driven analytics. By deploying dedicated sales teams alongside proprietary technology, Advantage Solutions helps brands optimize shelf placement, ensure compliance with promotional programs and strengthen consumer engagement.

The company’s service portfolio spans field sales and marketing, retail execution, brand ambassador programs, digital and experiential promotions, and shopper insights.